It's an unfortunate fact of life that bad things can occasionally happen to your home. Water damage from a broken pipe or a fire from an overheated stove can happen at any time, and can easily cause tens if not hundreds of thousands of dollars in structural damages and contents losses.

That, of course, is why you have homeowner's insurance. But the question that often comes up is "Should I file a claim?" It's not always an easy one to answer, and there are several factors you need to weigh before you make that decision.

IS IT A COVERED LOSS?  more...